Starbucks Corporation (NASDAQ:SBUX) registered a -4.00% decrease, still its new closing price is 10.90% up from the company’s 1 year high of 60.93.It posted -2.67% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 15 buy or better ratings. The 32 stock analysts following this company have an average price target at $64.35, with individual PT in the $54.00-$71.00 range. The shares moved at $56.12, implying that brokerage firms see shares losing about -3.93% in twelve months time.
Starbucks Corporation (SBUX) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 1.08% rise year to date. A evp, gen. counsel & secretary at Starbucks Corporation (SBUX) offloaded shares in a transaction closed on Wednesday December 14, 2016. Helm Lucy Lee sold 29,244 shares in the company at $58.72 each and collected $1,717,000 in proceeds. Helm Lucy Lee now owns 157,477 shares in the company after this transaction. A group pres, Global Retail in the company, CULVER JOHN, disclosed a transaction on Monday December 12, 2016 that ended up generating $9,900,001 from the sale of 168,814 shares at $58.65 per share.
Starbucks Corporation (NASDAQ:SBUX) Upcoming Results on Tap
Starbucks Corporation will next provide financial results for the December 2017 quarter. Stock analysts expect it to report per-share earnings of $0.60 in that period. Sales during the quarter are predicted to arrive at $6.33 billion.
Earnings surprise history: Last quarter, the company posted approximately $5.73 billion in revenue and EPS of $0.52. The mean forecast was for $5.85 billion and $0.52 a share, respectively. One quarter earlier, revenue for the stock was at $5.71 billion, with earnings at $0.56/share.
Starbucks Corporation (SBUX) Brokerage Update
Starbucks Corporation (SBUX) is in Deutsche Bank’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Deutsche Bank, according to news reported on Tuesday April 12, 2016.Another important research note was issued by Williams Capital Group on Thursday August 01, 2013.The firm upgraded SBUX to Buy from Hold. Over the last six months and over the last three months, the shares of Starbucks Corporation (SBUX), have changed -2.81% and 5.13%, respectively.
